Luxury shoemaker Jimmy Choo has planted a bright stiletto into the gloom of falling equity markets by pricing its initial public offering in London at 140p per share, the bottom of its price range, according to a person familiar with the sale.
Shares in the maker of high-heeled shoes for the stars will start trading in London on Friday in a rare example of a company being able to complete a public listing despite the sharp sell-off across major stock markets this week.
In contrast, Aldermore was forced to abandon its planned IPO this week after the UK small business bank encountered a lack of investor demand and struggled to lower its price below an initial range that some observers said was too aggressive.
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